5 Best Alternative Meat Stocks to Buy

In this article, we will take a look at the 5 best alternative meat stocks to buy. If you want to read our discussion on the recent developments in the industry, go directly to 10 Best Alternative Meat Stocks to Buy.

5. Conagra Brands, Inc. (NYSE:CAG)

Number of Hedge Fund Holders: 29

Conagra Brands, Inc. (NYSE:CAG) is a consumer packaged food company that ranks 5th in our list of the best alternative meat stocks to buy. The firm operates under its Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. It is one of the best beef stocks to buy and provides alternative to meat. The Chicago-based company recently rolled out 50 new products this year throughout its frozen, grocery, and snacks divisions. Conagra Brands, Inc. (NYSE:CAG) completed the acquisition of Pinnacle Foods in 2018 including the latter’s Gardein brand that sold plant-based meat substitute products.

Insider Monkey took a look at Q2 hedge fund portfolios for Conagra Brands, Inc. (NYSE:CAG) and found that 29 had stakes in the firm. Noam Gottesman’s GLG Partners was the largest stakeholder of Conagra Brands, Inc. (NYSE:CAG) which bought 3.4 million shares that were valued at $115 million.